Published: July 1, 2011 at 2:58 pm

Par Capital is a Boston-based private investment partnership that focuses mainly on travel and online media industries and manages over $2.5 billion in assets. Paul Reeder, 48, started the hedge fund in 1990. Prior to founding Par Capital, Mr. Reeder worked as an airline analyst at Loomis Sayles & Co. Mr. Reeder holds a master’s degree from MIT’s Sloan School of Management and currently serves as President and Director at Par Capital.

In 1997, Edward Shapiro, 45, joined the fund. Before joining Par Capital, Mr. Shapiro served as Vice President of Wellington Management Company between 1990 and 1997. Mr. Shapiro earned a BS in economics from University of Pennsylvania’s Wharton School of Business in 1986 and an MBA from UCLA’s Anderson School of Management in 1990 and currently serves as VP and Partner at Par Capital.

Paul Reeder’s large-cap stock picks managed to beat the S&P 500 index by nearly 3 percentage points during the second quarter. Here are his top 6 stock picks that are constituents of S&P 500 index:

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